Eyewatering price of Sydney CBD car space

The ONE real estate listing that tells you everything you need to know about Australia’s real estate market: Car space sells for eye-watering price

  • A CBD car space in Bond Street in Sydney costs the same as an entire apartment 
  • Underground double parking spot gone up for sale for $525,000 near Wynyard
  • Same price tag as one for a two-bedroom unit in Toongabbie in the city’s west 
  • Comes as commuters avoid public transport and buys cars to avoid Covid-19

A car space in one of Australia’s major cities has gone up for sale at the same cost as an entire two-bedroom apartment in the suburbs. 

The double parking spot near Wynyard train station in the Sydney CBD is on the market for $525,000 – up from $330,000 in 2015. 

The underground space – which allows two cars to be parked back-to-back – has the same price tag as a two-bedroom unit in Toongabbie, in…

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Written by Bourbiza Mohamed

A technology enthusiast and a passionate writer in the field of information technology, cyber security, and blockchain

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